BUCKTOWN — The real estate market is picking up and even foreclosed upon properties are selling above their asking prices, according to the latest real estate sales data for Wicker Park and Bucktown.
"We're in a market with a limited inventory. Homes no matter what their financial state is in are selling quickly. A foreclosed home in a great neighborhood will go as quickly and maybe higher than its asking price," said Realtor Eva Bergant.
According to Bergant's blog, 18 homes were sold in a two-week period from Feb. 11 to Feb 24. Three of the properties were sold as foreclosures.
Of those sold, 13 were condos, four were single family homes and one was a building with two apartments.
The price of two of the four homes was over $1 million.
A five-bedroom, three-bath single family home at 1524 N. Wood St. in Wicker Park was developed by Bart Przyjemski of NOAH Properties and listed by Sergio & Banks Realty. It sold for $1,275 million on Feb. 15. The home was on the market for just over two months and sold at 98 percent of its list price.
A four-bedroom, four-bath single family home at 1759 N. Wilmot Place in Bucktown was sold for $1.6 million on Feb 12.
Initially listed in 2006 for over $2 million, seller's agent Marcia Vecchione of @properties said that when she took over the listing in May, she encouraged the sellers to "lower their price considerably and stage the never lived-in home with ultra modern home furnishings and contemporary art."
Apparently Vecchione's advice did the trick and a "young professional couple" who are relocating from Denver purchased the 6,500 square-foot mansion which features three decks and a gated alley.
Among the other highlights:
A four-bedroom, three-bath single family home at 2049 W. McClean Ave. in Bucktown sold as a foreclosure for $551,250 on Feb. 22. The home was on the market for four days and sold at 110 percent of its list price
A three-bedroom, three-bath single family home at 2115 W. Charleston St. in Bucktown sold for $687,500 on Feb. 15. The home was on the market for two weeks and sold at 96 percent of its list price.
A three-bedroom, three-bath condo at 1520 N. Leavitt St. in Wicker Park sold as a foreclosure for $360,000 on Feb. 15. The home was on the market for less than one month and sold at 109 percent of its list price.
A three-bedroom, three-bath penthouse condo with garage parking at 2140 W. Haddon St. in Wicker Park sold for $529,000 on Feb. 20. The home was on the market for seven days and sold at 100 percent of its list price.